Davis Polk & Wardwell corporate partner Danforth Townley has been appointed an attorney fellow in the U.S. Securities and Exchange Commission's Division of Investment Management.
Beginning in January 2013, he'll provide counsel on rulemaking issues and other policy initiatives for the division, which oversees the nation’s multitrillion-dollar investment management industry.
Attorney fellow positions allow experienced lawyers to work at the SEC for a set period of time – often one or two years.
According to his law firm bio, Townley, who is based in New York, joined Davis Polk as a new associate in 1986 and made partner in 1994. He’s part of the investment management group, where he “advises clients on investment funds and related corporate finance transactions, including the structuring and offering of hedge funds, private equity funds and other investment vehicles.”
In a news release, Norm Champ, director of the SEC’s Division of Investment Management, welcomed Townley, citing his “longtime experience in private practice in advising hedge funds, private equity funds, and investment companies that will be helpful to the Division.”